It disclosed it had petitioned a Singapore court on March 9 to order the convening of a special shareholder meeting to approve the redomiciliation. This meeting will be held on March 23, the company said. The Singapore Court will then have to greenlight the redomiciliation.“We are aware of the terms in the (CFIUS) order and are in full compliance,” a Broadcom spokeswoman said by email when asked whether the company had given CFIUS the required five-day notice on action to redomicile.CFIUS’ instructions to Broadcom were disclosed by Qualcomm in a regulatory filing with the U.S. Securities and Exchange Commission that contained CFIUS’ interim order to both companies. Qualcomm and a spokesman for the U.S. Treasury, which chairs CFIUS, declined to comment.CFIUS in its order on Sunday also instructed Qualcomm not to take any action that could lead to a deal with Broadcom during the panel’s review, Qualcomm’s regulatory filing showed. Broadcom has nominated six directors for election to Qualcomm’s 11-member board as a way to force negotiations between the two companies.CFIUS, an inter-agency panel led by the U.S. Treasury, rarely reviews mergers before a deal has been clinched.

Source: Egypt Today March 10, 2018 01:30 UTC